CARE Ratings Balance Sheet Health
Financial Health criteria checks 5/6
CARE Ratings has a total shareholder equity of ₹6.9B and total debt of ₹207.8M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are ₹8.1B and ₹1.2B respectively. CARE Ratings's EBIT is ₹1.0B making its interest coverage ratio -3. It has cash and short-term investments of ₹5.6B.
Key information
3.0%
Debt to equity ratio
₹207.77m
Debt
Interest coverage ratio | -3x |
Cash | ₹5.60b |
Equity | ₹6.92b |
Total liabilities | ₹1.22b |
Total assets | ₹8.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 534804's short term assets (₹6.4B) exceed its short term liabilities (₹858.9M).
Long Term Liabilities: 534804's short term assets (₹6.4B) exceed its long term liabilities (₹363.6M).
Debt to Equity History and Analysis
Debt Level: 534804 has more cash than its total debt.
Reducing Debt: 534804's debt to equity ratio has increased from 0% to 3% over the past 5 years.
Debt Coverage: 534804's debt is well covered by operating cash flow (418.3%).
Interest Coverage: 534804 earns more interest than it pays, so coverage of interest payments is not a concern.